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China is reselling (russian) LNG to other countries at high spot prices.
https://www.worldenergynews.com/news/china-well-positioned-tight-global-market-sells-773027
Seems like they are profiting from their prior stockpiles.
https://www.reuters.com/business/energy/tight-global-market-well-positioned-china-resells-record-lng-volumes-2026-04-01/
They seem willing to go lower with the prices than the American LNG sellers? Otherwise SK and Japan would not buy. These other countries are unwilling to buy from Russia directly for cheap, instead using China as a trade-hub.
US has no excess LNG to sell. The LNG export terminals have been operating at 100% capacity for a while, they literally cannot send out any more than they already do.
it's been real fun seeing people online who think that this conflict is a 7D chess play by America to dominate oil and gas markets by pumping a shitload of LNG around the world and also oil because they're "self-sufficient in oil" because they don't understand how the composition and thus extraction location of oil determines what it can be used for
one of those "if only you knew how bad things really are" moments
Doesn't the US mainly extract garbage heavy sour crude now but most of the refineries are setup for the old light sweet crude? So net "self-sufficient" but incapable of decoupling from the global oil trade and has to pay whatever spot is like everyone else
I didn't realize this. I thought different oil grades just meant different filtration methods
Thanks for the correction. Energy crisis: arriving now.
Also I find interesting how they use the word "reselling" exclusively. China also has a domestic LNG production (that can not meet domestic demand)?